Oireachtas Joint and Select Committees
Thursday, 13 October 2016
Joint Oireachtas Committee on Agriculture, Food and the Marine
Issues Surrounding Recent Reappointment of CEO of Horse Racing Ireland
2:30 pm
Mr. John Moloney:
Everybody is talking about the €60 million of taxpayers' money. Betting duty receipts in 2015 amounted to approximately €31 million and the figure will rise to roughly €56 million in 2016 as a result of the Minister putting a 1% levy on all bets struck in Ireland with offshore companies. We were requesting him to increase the levy on betting to 2% in the budget, which would have ensured taxpayers would have had no liability. However, we would like to thank him for the funding of €6 million for the horse and greyhound racing fund. It was a three-year agreement.
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